Net Asset Value(s)

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

ORDINARY SHARES

The unaudited net asset values for the ordinary shares of BlackRock Frontiers
Investment Trust plc at close of business on 7 March 2016 were:

152.15c  Capital only USD (cents)
107.11p  Capital only Sterling (pence)
152.44c  Including current year income USD (cents)
107.32p  Including current year income Sterling (pence)

Notes:

1.        Investments have been valued on a bid price basis.

2.        Revenue items included in net asset value, with dividends payable
deducted on the ex-dividend date.

3.        The unaudited NAV above has been calculated on the basis of
150,621,621 Ordinary Shares in issue.

C SHARES

The unaudited net asset values for the C shares of Blackrock Frontiers
Investment Trust plc at close of business on 7 March 2016 were:

138.93c  Capital only USD (cents)
97.81p  Capital only Sterling (pence)
139.35c  Including current year income USD (cents)
98.10p  Including current year income Sterling (pence)

Notes:

1.        Investments have been valued on a bid price basis.

2.        Revenue items included in net asset value, with dividends payable
deducted on the ex-dividend date.

3.        The unaudited NAV above has been calculated on the basis of
15,000,001 C Shares in issue.